2 weeks Ago By ABMN Staff
Disciplined Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. ( NYSE:JPM ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 904 shares of the financial services provider’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in JPMorgan Chase & Co.
by 3.2% in the 3rd quarter. Principal Financial Group Inc.
now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank grew its holdings in shares of JPMorgan Chase & Co. by 2.
5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after purchasing an additional 614 shares in the last quarter. RKL Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co.
by 1.1% in the third quarter. RKL Wealth Management LLC now owns 19,512 shares of the financial services provider’s stock valued at $4,114,000 after purchasing an additional 207 shares in the last quarter.
Mach 1 Financial Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.5% in the third quarter.
Mach 1 Financial Group LLC now owns 4,369 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 485 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of JPMorgan Chase & Co. by 13.
8% in the third quarter. Covestor Ltd now owns 1,461 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 177 shares in the last quarter. 71.
55% of the stock is owned by institutional investors. Analyst Ratings Changes Several equities research analysts have recently issued reports on JPM shares. Baird R W raised JPMorgan Chase & Co.
from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.
00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co.
from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.
Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.
00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird upgraded shares of JPMorgan Chase & Co.
from an “underperform” rating to a “neutral” rating and upped their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th.
Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $252.
89. Insider Buying and Selling at JPMorgan Chase & Co. In other JPMorgan Chase & Co.
news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.
50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93.
This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.
85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.
65. This represents a 7.27 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 46,326 shares of company stock valued at $12,448,445. Company insiders own 0.
79% of the company’s stock. JPMorgan Chase & Co. Trading Up 3.
4 % JPM opened at $232.94 on Friday. The company has a quick ratio of 0.
89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.
The stock’s fifty day moving average is $258.29 and its two-hundred day moving average is $238.70.
The company has a market capitalization of $651.31 billion, a P/E ratio of 11.80, a PEG ratio of 2.
83 and a beta of 1.10. JPMorgan Chase & Co.
has a 52 week low of $179.20 and a 52 week high of $280.25.
JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.
81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78.
JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.
96%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.
90 billion. During the same quarter last year, the firm posted $3.04 earnings per share.
The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co.
will post 18.1 earnings per share for the current year. About JPMorgan Chase & Co.
( Free Report ) JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research. Read More Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ). Receive News & Ratings for JPMorgan Chase & Co.
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